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BRIEF-Koninklijke Philips prices offering of notes for 1.0 billion euros
August 31, 2017 / 4:49 PM / a month ago

BRIEF-Koninklijke Philips prices offering of notes for 1.0 billion euros

Aug 31 (Reuters) - KONINKLIJKE PHILIPS NV:

* SUCCESSFULLY PRICES OFFERING OF NOTES FOR EUR 1.0 BILLION

* ISSUE PRICE FOR FLOATING RATE NOTES IS 100.300% WITH A COUPON OF 3M EURIBOR + 20 BASIS POINTS

* ISSUE PRICE FOR FIXED RATE NOTES IS 99.465% WITH A COUPON OF 0.500%, RESULTING IN A YIELD OF 0.591%

* SETTLEMENT AND ISSUE OF NOTES IS SCHEDULED FOR SEPTEMBER 6, 2017

* NET PROCEEDS OF OFFERING WILL BE USED FOR REPAYMENT OF EUR 1.0 BILLION BRIDGE LOAN Further company coverage: (Gdynia Newsroom)

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